Created: 07/10/2014 6:04 PM
By: Stuart Dyson, KOB Eyewitness News 4
Early birds may soon discover that the worm they’re getting is more expensive. Food prices are going up for some of our favorite breakfast items, and the national breakfast dish of New Mexico seems poised for an across-the-board price hike. We’re talking breakfast burritos here.
Egg prices are up 33 percent since May of 2009, according to the U.S. Bureau of Labor Statistics. Bacon is up a whopping 65 percent, thanks largely to a pig disease – a hogademic. Margarine is up 39 percent, tortillas are holding steady, and with chile prices it’s too early to tell for this year’s native crop. It all rolls up to a more expensive breakfast burrito – more exp0ensive for the restaurant to make, and ultimately more expensive for the customer. Most restaurants are struggling to keep those menu prices down. Janice Martinez is co-founder of Albuquerque’s legendary Los Compadres restaurant, on Central Avenue near the city aquarium.
“My priorities have always been good prices, good services, good food,” Martinez said. “ I’ve always done that and I think the only way to do that to keep your prices down is by searching wherever you can to save a nickel, where you can save a dime!”
Overall consumer prices have risen only 11 percent in the last five years, so some of the food price increases are huge by comparison, especially for fresh meats and produce - not so much for processed and pre-made foods.
One more breakfast essential that’s up and going higher – coffee – up by as much as 40 percent thanks to a drought in Brazil.